Member Info for Quady

Good morning addicknt.
First of all, I have never thought or said, that because something has not happened before, that it won't happen in the future. I have said the opposite. I have always said, that if we get a deal near to, or full value, based on NPV, that NM would probably recommend it.
Also I accept, we have hired the people necessary, to reject a low ball offer, and reject hostile bids.
Are you really saying, that no interested party, is going to make a bid, before BHP. Where is your evidence for that.
I would have thought quite the opposite would be true.
Imagine that NM and BHP, work out a friendly deal, before 15th October, are all the other companies going to say, ah well we did our best, of course not.
If any company, thought they could acquire Solgold, at a discount, they would have done it by now. So they know they cannot, for many reasons, I have alluded to in the past.
So I do not believe NM will sell this cheap to BHP.
We are left with two options. A hostile takeover, or forwards to production.
Let's cover a hostile takeover first.
The only company, that would launch a hostile takeover, would be BHP. Why ? because all the other companies are free to do it now, and they haven't. Do you really believe that all the other main holders of Solgold shares, would sell cheap, and help BHP, against their own interests. I say no. I don't know your answer addicknt.
But now let's look at production. The further we go down this path, the more value is added. But also, we have about 2 years left to finish all the studies, and start building, or as I understand it, we lose our license on Alpala. The longer a company waits to take us over, the shorter time period they have. So it's not just a question of completing their own studies, if they choose not to use Solgolds, but it's a case of changing the cooperate governance of their company, to meet the Ecuadorians government's requirements, as we had to do for the licenses required for water.
In short, I have listened to people for the past 7 years, saying, I wouldn't want to be out of this over the weekend, as a bid is coming next week, that I have become weary.
There has been no consolidation of the book, in fact in has become wider, making a takeover, even less likely.
People forget that NM holds the largest amount of shares supporting his position. By his involvement with other companies. This cannot be discounted. I don't think that NCM, or any of the other main holders, are going to sale this cheap, to BHP, or any other company, because they understand what they have.
In fact it is more likely, that they would want to help Solgold bring the building of Alpala to fruition, in order to not only protect their investment up to now, but to watch it grow. All the best.

Earthling, I have asked you many times, please outline the scenario, and explain the options. You just ignore the question, and pretend it's never been asked. So I ask again, how can a successful bid happen, and how, would you go about it.

Sorry Valuefinder, in every other presentation that NM has given, the one thing he has said no to, time and time again, is a JV. It just won't happen, as it is expensive, and doesn't give value for shareholders.

Cookie, I count you amongst the sane people on this forum, however we will never sell Alpala on it's own, because it's part of ENSA. However your £2.50 a share for Solgold, sounds like it could happen. I would consider it cheap, but you could be on the money.

addicknt, I understand that unless you go hostile, that you have to talk to the other parties, including those that support NM, I have always said that if the bid was good enough, that NM would recommend it, and it would be game over.
However that has not happened, so unless it does, we go to production.
But one other scenario exists, that is someone goes hostile.
Seeing that no hostile bids, have emerged since the PEA, I don't think they will.
Could I be wrong, of course, and someone may make an acceptable offer.
But NM will not sell cheap, so unless something is agreed, then it has to be hostile.
Please which bit, have I got wrong.

Don't waste your time newtoit, he keeps talking about a bid for Solgold, but doesn't even understand how a bid for a company with a wide diverse book, like Solgold would come about.

Well said BNC.

Zoros, this takes the biscuit, you are the leading poster of misinformation on this site.
I have always said that if the price is right, NM will sell.
However you know this, and you may convince the likes of Earthling and Tiger, you don't fool me, and many of the posters on this site, who are on both sides of the argument.
NM has always said, that should a bid approaching Full value, or Full value, that he will recommend it. However if he doesn't get such an offer, we go to production. The message couldn't be clearer, and nearly all posters understand this.
However my individual stance, is no one is offering this, so we continue to production.
Stop spreading your misinformation, and pretending that I have said anything different.

Good morning rcgl2, I have seen this article before, it's from 2017, and contains lots of inaccuracies. First of all, it doesn't mention, how modern block cave mining works, and that for a mine like Alpala, you would never use open pit. Because we don't have high enough surface grade mineral content. Secondly, it does not mention how modern computing systems, along with the Big Data approach, cuts costs on block caving massively. The article does not take into account modern mining methods.
As we have seen from the start with Induction Polarisation surveys, Solgold has incorporated modern technology from the start. Indeed I believe this was done, so that when rock sampling, and core results, were assayed, that we already have a big data approach, and that this has been formatted in order to make the data from all activity compatible. This will not be an off the solution package. Just look at the presentations shaping our systems throughout the site, if that is not a big data approach, I don't know what is.

I agree DBW, but it doesn't matter what NM says, the likes of Earthling, Zoros and Tiger, just make up stuff, to say he is bluffing, or he means something else. CEO's don't work like that, they are accountable to their shareholders. So if NM says he is taking this to production for the umpteenth time, the same Cronies will say, OH NO, he didn't mean that we know better than NM, you should listen to us, and not that Quady person, who is accurately saying, what NM is saying.

Meant to say, it would be difficult, ten years ago.

This first article, shows, that after the set up costs of block caving, that block caving operation costs, against open pit, can be one tenth of the costs. The upfront costs, are the computer systems in big data, and artificial intelligence. Trust me, today, many companies can deliver these projects with ease. Ten years ago, in would have been difficult, but today no problem.

https://www.mining-technology.com/features/inside-block-caving-the-deep-mining-method-of-the-future/

The article, while interesting, and factual, has a slant on it, for using a particular investment platform. In other words, it's an advertisement. However it does explain, the diversity of the book.

Simple Zoros, going it alone, means not selling.

He doesn't work in McDonalds.

Earthling, if you believe that NM can produce a PFS and DFS, then you have just completed the hardest task in building a mine. So if you don't believe this can built, it makes sense, you don't believe that we can do the most complex part, and do the design, work out the costs, that includes the costs of the people who are going to project manage it, the technical department, and engineering section. If you don't believe NM can find these experts, then you cannot do a PFS or DFS. Again Zoros syndrome, try thinking.

Hi newtoit, no, but if you give NM the money, he will build it.

Sorry Earthling, do you actually know what a PFS and DFS contains.

So according to you Earthling we cannot do a PFS or DFS, please explain why.